Starting All Over - Finding My Trading Niche

NexusFi · 2013-12-29T06:34:52-05:00

I created this in the hope of starting an archive of No BS style scalping trades in the DOM. For those slow rainy days when you just can't watch any more JG webinar recordings and want to see someone pulling the Bund to pieces or smashing up the S&P instead.. its a co-author blog so if anyone is interested check out the first post describing what the goal is and instructions - and give me your email so i can add you as coauthor. No agenda here other than to enhance scalping skills by watching others trade. Scalpers …

Discussion in Trading Journals

Updated December 29, 2013

Top Posters

grahamg with 69 posts (71 thanks)
josh with 4 posts (3 thanks)
Big Mike with 4 posts (0 thanks)
puravida with 3 posts (6 thanks)

Best Posters

puravida with 2 thanks per post
plethora with 1.5 thanks per post
grahamg with 1 thanks per post
josh with 0.8 thanks per post

24,470 views
100 thanks given
29 followers

View Poll Results: What is the next step?

Stick with purely scalping Bund for another month

35.71%

Stick with purely scalping Bund for another month
	5	35.71%

Start position day trading learning market profiling as I go along

42.86%

Start position day trading learning market profiling as I go along
	6	42.86%

Learn market profile by day - scalp by night

21.43%

Learn market profile by day - scalp by night
	3	21.43%

Voters: 14. You may not vote on this poll

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Starting All Over - Finding My Trading Niche

December 29th, 2013, 06:34 AM

#111 (permalink)

xelaar

prague, czech republic

Elite Member

Experience: Intermediate

Platform: NT7, MT4

Broker: LMAX

Trading: DAX, Gold, Euro

Posts: 1,505 since Feb 2013

Thanks Given: 1,740

Thanks Received: 2,568

What a fantastic year end resolution. I understand what @Big Mike is saying, but if you are young and have no dependands I think Graham's is a way to go. Salary is a vicious cycle, and as you advance in your career it will be harder to break it and sacrifice towards trading. I have never heard any success story about rags to riches in a comfortable way. If you read Kiyosaki who dropped nice Xerox salesman career to sleep in a car with his wife working on his bussiness or Gates dropping off the colledge to give it a go, or Branson risking it all, or Buzzy Schwartz it was never a comfortable way with a big nest egg and little risk. Maybe BM is an exception to the rule but probably most people wouldn't care about trading if they strike it rich in their main career. Nor have the ability as most would have family and kids by that time and no risk tolerance.

I applaud @grahamg and wish him luck!

Trade to live. Not live to trade.